Systematic Literature Review of Human Capital in Context of Economic Growth

Abstract

The purpose of this work is to investigate the connection between economic growth and human capital. The paper examines prior research on the relationship between human capital and economic growth, analyses datasets from other studies, and makes some conclusions. In terms of (i) the new endogenous theory, (ii) the neo-classical growth model, (iii) the Solow growth production-function, (iv) the theoretical framework of economic growth theory, and (v) empirical evidence on the relationship and causal link between human capital and economic growth, the paper summarises articles on human capital. Evaluating the body of research on human capital and economic growth will provide a thorough literature guide for developing developmental objectives for any region, both in the short and long terms, and for formulating and implementing policies.